Director dealings: Taylor Wimpey chairman's wife lowers stake

By Iain Gilbert

Date: Thursday 17 May 2018

(Sharecast News) - Jayne Beeston, the wife of Taylor Wimpey's chairman Kevin Beeston, sold 550,000 ordinary shares in the FTSE 100 housebuilder on ThursdayBeeston disposed of the shares at an average price of 201.24p each for a total of £1.10m.

With continuing solid consumer demand throughout the first quarter of its trading year, Taylor Wimpey reported an average of 0.85 private sales per outlet per week, just behind the 0.93 seen a year earlier, and in line with its expectations, while cancellation rates remained low at 13%.

As of 22 April, Wimpey's total order book value stood at approximately £2.15m, or 9,050 homes, compared to the £2.21m record a year ago.

Pete Redfern, Taylor Wimpey's chief executive, said, "We have continued to see good demand for new housing through early 2018. Looking ahead, as we embark on the next stage of our strategy, our focus is on building our capability to deliver great quality homes and places for our customers over the long term."

As of 1530 BST, Taylor Wimpey shares had crawled ahead 0.995 to 202.18p.